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speaker pelosi we want to thank you for shepherding this subway. we needed champions like all of you and thank you for that. to the mta staff and the director and everyone doing the work, to the ta staff, to the mtc, thank you for all that you're doing. now i had in my talking points a reference that we know you need the central subway if you get on the 30 stockton and apparently everyone else had that in the talking points. through the denser parts of san francisco, as someone who doesn't have a car i have and millions of us have wasted countless hours trying to get through our downtown corridor but i want to take a moment to thank the most important folks who are not here with us and that is the people of san francisco. for years before i joined the board of supervisors i served on with many volunteers the community advisory group to the central subway. with countless volunteers from the bay view, from visitation valley, from mission bay, south of market, union square, and of course thousands of residents and leaders from chinatown who went to countless public meetings p
, nancy pelosi, the meeting is over, and all the major leaders were in the white house. we had the leader of the republican side in the senate, the democratic side in the senate, the republican side in the house, democratic side, geithner was there, tim giteny, treasury secretary, vice president there, and the president. the question is whether they got anything done at all. what we heard was, in fact, the president presented what was announced initially as a new plan, turned out it was not a new plan, but the same old plan to raise taxes only on those mmking above $400,000 a year. shibani: is -- it ended moments ago, all the major whose who were there, and timothy geithner. there's a ceo call at 5:30, hour and five minutes, talking to top ceos about the latest on the fiscal cliff, whatever the developments are included on that call, we know lloyd blankfein will be on the call. david: keep the picture up. you never know what picture you'll get. go to rich edson following this. we mentioned the fact, actually, you alerted us all via e-mail that this proposal was not really a new proposal.
president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level of income, which is an absolute prerequisite for president obama. if they do not come to some kind of agreement, but that tax to be voted on -- and there is doubt that it is logistically possible before new year's day -- then the most immediate impact would be the loss all unemployment relief checks for 2 million americans as well as payroll tax holiday that will come to an end, which means tax increases that over the year could total 2000-$3,000 a year for a family. >> sch
parties. joining the president and vice president, boehner, pelosi, reid and mcconnell. their goal, agree on something before the country falls off the so-called fiscal cliff in four days. kelly o'donnell joining me live now and i understand we have information on the smaller offer that you reported that the president is making this information. >> reporter: good afternoon, craig. so they're going to meet, they need something to talk about the president is prepared to put on the table what aides describe as a smaller offer. you know, they had hoped to go for something much grander but with the 11th hour deadline, they want to do something to follow the lines of what the president said in the briefing room before going to hawaii for the holidays. basically resetting the discussion for income rates at the threshold he originally wanted, $250,000 for couples. why that's important is because in previous conversations with speaker boehner, the president had moved off that number to something more friendly to the republican party, putting the number at about $400,000 and people thought that's w
. and leader nancy pelosi with the number of votes needed to pass. >> what folks are looking for and all of us agree on this is action. they want to see that we are focused on them, not focused on our politics here in washington. >> reporter: that was the last time this group met more than a month ago. with time running out to forge a scaled-down compromise, can they agree on even the most basic elements, extending some income tax cuts, preventing pay cuts to medicare providers, fixing the alternative minimum tax. among the options to gain votes, averting an estate tax hike toll woo republicans. there's still time but no room for error. if congress doesn't act -- >> the impact psychologically and financially on americans of another plunge in the negative territory for the economy would be extremely harmful. >> reporter: and candy, as i said, those leaders are still meeting with the president. we'll see if any of them come out and speak to us after that meeting breaks up as soon as we have any word on whether there is an agreement, we'll bring it to you. >> jessica, it's interesting to me the p
to nancy pelosi. >> does this get easier once boehner gets reelected as majority leader? >> hopefully we don't get to that point, but that senate bill did not get a single republican vote. >> jonathan, answer my question. does this get easier? >> let's pretend we're not going have a deal and january 3rd comes and boehner, he hopes gets reelected as speaker of the house, then the deal get easier to get done? >> this isn't even an issue. >> oh, come on! you know what i'm asking here! >> speaker boehner will get reelected and that's not the issue and the issue is not to pass something through the senate that can go on to pass the house. >> john, do you think that the republicans bill which essentially goes after programs for the poor increases military spending? so it adds to the deficit and only is willing to raise taxes on millionaires and above and that is getting through the senate. so what you're saying the reverse is true when you look at the house. boehner can pass the senate bill tomorrow as harry reid said today, but he doesn't want to do it with democrats and he wants a majority o
, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl w
, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people outraged with washington. >> i can't believe we've gotten this close. >> time for them to turn in their term paper. >> this is america. they should be working for the american people. >> the parties are trying to outdo
and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and congressional staff, but that's been true throughout this entire saga. with the deadline looming there were dire predictions. >> come the first of this year americans will have less income than they have today. >> reporter: and recriminations. >> now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. >> reporter: the senate's top dem
. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting t
mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea that senators need to get busy. so let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> so jessica, you were in the room for the president's remarks. on a scale of 1 to 10, let's measure the anger perhaps that
and house democratic leader nancy pelosi.at the white house for about an hour today. he said the meeting was good and constructive. but expressed his frustration for the american people with waiting until stories... >> america wonders why you cannot get things done in this town in an organized timetable. why does everything have to wait until the last minute? now, we are at the last minute. the american people are not going to have many patients for a self-inflicted wound to our economy. >> reporter: coming up at 5:30 we'll have more from the president. and our political analyst michael yaki will give us his take on today's developments. >> catherine: there's rain on the way this holiday weekend. this is a live look from our camera on mount tam. and a look at downtown san francisco. i'm here in the weather center with jacqueline bennet -- where is the wet weather? >> jacqueline: we are still getting some return on the radar but it is still too dry for the rain to hit the ground. it will be moving and later. as we see this offshore and wider on the satellite & radar toward the tail end of
me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and burn the moderates together, support him for speakership. me, being a democrat, i would not get everything i want, but the republicans would get everything they wanted. by the time re-election came up they would have seen there was a lot of progress made and maybe they could not run primaries on those guys that decided to run to the middle with policy and later together. host: thank you for the call. so many things. basically, you are assuming that john boehner would be elected speaker in a democratic house. it is not likely that they would give him their votes. it is far more likely, quite honestly, that the democrats would like to see continued disruption on the republican side. either way there would be a much-weakened speaker or he would be deposed. host: agree or disagree? guest:
to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> yo
from a great women leaders like nancy pelosi, very much open and wanting to share. women who feel secure about themselves can give support to other women. that is an important element. to allow for new ideas to emerge. great ideas come from other women that are doing some great things. if they are doing well, they are going to make me look good. that is the kind of spirit i like to see. >> are the small things women can do? is it talking about the pressures? >> it is more than just talking. if you are engaged in a work environment together, it is allowing for somebody to take on any project or allowing somebody to flush out ideas and put them in place and then learn from that. not everything is going to be perfect. "it is ok. we are going to work on getting a better." that is when you learn about how to perfect what you want to do. that happens in any environment. we need to talk about it more directly. those discussions are always tapered down for women. >> what you wish you knew when you work 17 and you said keep striving. it is not about how many times you get knocked down. it
has called majority leader read as well as the house speaker and democratic leader nancy pelosi. watching wall street we have good news with unemployment. the number of americans filing for unemployment dropped. after senator reid made the comment that we would go over the fiscal cliff is starting to slide. >> former president h. w. bush is in intensive care in a houston hospital this morning. he has been hospitalized since last month with what was described as a stubborn fever. pete is on and all liquid diet and has been an the east i see you since sunday. he was hospitalized recently with a broad patterns like cough but now it is the persistent fever. thursday and traffic is nice and light. it is still chilly this morning we are looking for a high of just 52 this afternoon. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as lit
minutes from now, any moment, they're starting to arrive, we have boehner, pelosi, mcconnell, reid. they're on capitol hill. what can president obama offer that both sides can agree to. >> unfortunately for individual members of the republican house it is to their interest to let tax increases go into effect. that way they won't be viewed as having raised taxes. they can come in and easier to negotiate with them. what the president, what we are hearing about what the president is proposing though, is a small deal to get them through the fiscal cliff so that it avoids some of the implications, some of the more damaging implications for the economy. i don't think the fiscal cliff honestly is really going to have a huge impact. our housing market and labor market remained firm and i think they can survive this. but i do think that though, that if the president does offer this smaller deal i think there's opportunity here, though it is probably slim. heather: that smaller deal, or that plan-c as the president has called it, i guess last friday or we're calling it now plan-c, david, it really
a bit, talking to the top four congressional leaders. speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this afternoon. that has since been canceled. perhaps the senate majority leader has decided to do his talking behind closed doors and hammer out a deal. greg: filled with metaphors, no doubt. what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senat
to the white house, to boehner, to pelosi, and said here is a way to solve this problem. there will be other ideas, but it is pretty amazing that we know the number one problem in our country is our fiscal solvency. every developed country knows that the greatest issue we face is our fiscal solvency. economists on both sides have said this is the greatest problem we face. here we are on december 29 without a serious proposal before us to deal with the biggest issue, which is entitlements. i think every american should be disgusted with all of washington. i agree that it is the president's responsibility to lay out a plan to bring people together, but it is a total dereliction of duty and, candidly, a lack of courage to deal with these issues. congress can do these things without the president, but it is more likely to pass when you have a republican house and the democratic senate if the president brings it forth. it is a shame we are where we are and, candidly, that our economy is not going to be what it could have been the first quarter of this year if we had just done the work that we wer
. this meeting brings together all the key players. president obama, top leaders harry read and nancy pelosi and mitch mcconnell and him. it was only a short while ago that john boehner was called a dictator. with the deadline looming the goal appears to be to shield most american taxpayers from automatic tax increase. now, the president's already agreed to raise income taxes on americans earning more than $400,000. that's up from his $250,000 goal set in the campaign, and there's also an effort to extend jobless pen fits for americans out of work for six months or more. >> major, do we have any reason to believe that this time it is different? >> well, certainly. the deadline is real. the house is coming back into session on sunday. even is going to be here either to preside over america going over the fiscal cliff or last-minute very small deal that averted for a while and leaves more negotiations for the future. >> major garrett, thank you very much. general norman schwarzkopf, commander of the coalition for the gulf war died yesterday. he tricked and outflanked saddam hussein's forces in
to see what happens when you let partisan democrats like harry reid and nancy pelosi call the shots. >> marty, you are calling on the democrat line. what is your reaction? caller: the president needs to get the republicans come back in from christmas holiday. >> what do you think is gonna happen? >> we are on the verge of a fiscal cliff and they are still on vacation. >> let's go to mike in texas, on our line for republicans. >> i agree with the first guy. i wish they would have a little backbone and force obama and reid into not giving in to them. they need to set a budget and stick with a budget, and what they are trying to do is they want more money so they can increase the debt again, and they are about to run this country, as far as i am content. host: out the you think this will end up? caller: i hope boehner holds to his guns. i think the million-dollar deal is a good deal where anybody making over a million dollars pace a little bit more money, but i do not buy that $250 deal. host: that's good to marry in florida. c-span.e on caller: i believe the average american should no
a consensus in the middle. does john boehner need nancy pelosi in order to get anything passed? >> reporter: yes, absolutely. no question about it. that became incredibly obvious when he couldn't even get his own republicans to effectively save them from themselves and at least have some political cover by voting to keep tax cuts in place for everybody except millionaires because they said they wouldn't help him with what they call a political ploy. i think that's true but actually talking to people on both sides of the aisle here, because the ball is now in the senate -- the senate's court, the feeling is that if they can kind of break the dam in the senate and if something actually passes, you've already seen over the past two days house republicans saying that they hadn't said before, if the senate passes something, we'll take it up. and if that's the case, the sort of betting is that with the help of the majority of the democrats, probably most of the democrats and maybe, you know, a few dozen or more republicans, that's how it would get passed. but, candy, it's still a big if, as we ju
to remember nancy pelosi and the democrats that voted no voted to go over the fiscal cliff. they have been trying to kill all the bush tax cuts. even mr. obama since 2005 when he was running as a senator. i don't know what your thoughts are about that. i would like to hear about the democrats voted to push us off the fiscal cliff. host: how you pick political heroes? caller: this is a republic and want to see going back to what it was. people are getting knocked off of unemployment in states because their rates went down. we go off this cliff, anybody on extended unemployment will not get a check in january. host: this is gary who chooses ben bernanke. beverly is next from vermont. caller: hello/ ? my choice is the teachers of america. i cannot believe that people did not speak up more for the teachers. they do they hurled job practically every day. host: why are they political heroes? caller: who do you think is going to run the country in the future? this is something that people do not understand. our future is our children. nobody seems to care. my choice is the teachers in america. th
that is a benefits cut. they say they will primary any democrats who vote for it. they said if nancy pelosi votes for it, they will not offer for our support if she tries to run for the minority leader of the democrats. host: speaking of the leadership situation, talk to me a little bit about the lead -- allegiances in the house, punching in among the republicans. do the republicans favor the leadership of eric cantor more than the leadership of john boehner and? will this cost john boehner his -- more than the leadership of john boehner? will this cost john brennan his speakership? guest: boehner said the members were not angry with him. they were not showing dissatisfaction with him. one of the other things about that was that standing next to him at the press conference was eric cantor. that was a clear sign that these guys are tied together and eric cantor is not ready to unseat john brennan. there was a lot of symbolism in that press conference. -- ready to unseat john boehner. if he goes back and stars to negotiate with president obama and tries to bring back the deal at this conference can
. obama had nancy pelosi as speaker of the house. but hardly the same thing. host: from massachusetts on the line, democrat. caller: good morning. i have a comment and question. i am trying to find out, the situation you're in right now, why is everybody fighting about what we should do? i am gmt and i am broke every day. i'm down here with people that paid taxes and work hard every day. -- i am an emt. people don't understand that would ever happens with the fiscal cliff, people down here will survive. the republicans, this will definitely affect them in the future. i talked to people all over boston every day. nobody wants to vote for republicans anymore, because of the fact that they don't seem to care about people that struggle everyday. it's the people that have money but don't care about people who don't have money. it's been like that for hundreds of years. it's time for change. we have a democrat in the chair. the republicans had their chance when they had pushed. there's a lot of things that should be changed in this world. we rant on about the economics, but we should be wor
's point, look, democrats have their own up issues internally. nancy pelosi leader democrats in the house and harry reid, leader of senate democrats essentially saying entitlements are off the table when we know entitlements are the biggest drivers of debt. gregg: there may be a reason for that. marjorie, senator john barosso chairman of the republican policy committee put his finger on it. he believes the president is eager to go over the cliff for political reasons because he senses victory at the bottom of the cliff. those are his words verbatim and, you know, then the president gets to punish republicans. and he also might get more money in a for taxpayers, from taxpayers to expand the government. what about that? >> well i have a really hard time believing anybody, republicans or democrats would win from going over the cliff. talking about potentially putting country in recession, what it would do to the markets. here's the deal. these type of negotiations what we lost a $4 trillion opportunity when boehner and obama were at the table having talks prior to the holiday. what we're loo
. and the hard place? >> yeah. the hard place is the negotiations. you think about it. reid and pelosi and boehner and obama all trying to come to an agreement? that seems almost impossible, doesn't it, when you know all of them? gregg: how do you close the tax gap? >> yeah. right now you can not do it. so the tax gap, at least in my opinion, would be the deficit. it's over a trillion dollars. if we raise everyone today, that pays the top tax rate, 35%, if we taxed them at 100% on all the money that they currently pay 35% on, and remember, i'm assuming that nobody changes their behavior. they still work just as hard even though they pay 100% tax, we would only raise $360 billion in this coming year. and that would still leave an $800 billion deficit. we can not tax away the deficit. gregg: sure we can. we can do the value-added tax. >> well, and that's what worries me. if we don't cut spending, spending right now, the federal government is the largest it has ever been as a share of our economy. it takes up more of our economy than ever, the only way to pay for it is to put in a europea
on a call. i hope they conclude as we have concluded -- and i speak for leader pelosi and myself and all the democratic leadership -- that we must come back as soon as possible to work together to reach compromise, to ensure that we address the important legislation that is still pending in this congress, a congress which i believe has been the least productive, most confrontational, the least compromising congress in which i have served, and i have been here since 1981. the senate tomorrow will consider the sandy supplemental legislation. hopefully they will pass that tomorrow or by saturday. certainly, the house of representatives needs to address that supplemental to give relief to those that were savaged by sandy in the worst storm that has hit the northeast perhaps in history. the violence against women act passed senate overwhelmingly, something that we could work on today. the farm bill expires on december 31. milk prices will spike substantially if that bill is left to expire. mr. cantor indicated that would be addressed before we left here at the end of the 112th congress. that
it very difficult to lead. nancy pelosi is still able to lead her caucus. she kept every single democrat, everyone the most moderate, she kept them all in line to not vote for the boehner bill. boehner just can't do it. >> thanks so much. really good to see you dana, ryan, thanks to you both. >>> first tornadoes and now blizzard conditions. we're following several severe weather stories making it difficult for millions of americans. holly is at the world's busiest airport, hartsfield jackson in atlanta. what are you seeing there? >> reporter: well, joe, it's pretty steady here. it's getting a little bit more crowded as the evening goes on. but i can tell you that some people are heading home after christmas and finding it tough to travel today because of that massive storm barreling through the country. it's wreaking havoc on the roads and in the air. snow, ice and high winds. >> we want to get out. >> it's always scary when you're flying that you'll be stuck in the airport. >> reporter: as massive storm it that left many in the midwest and parts of the south with a white christmas is po
mcconnell and leader pelosi to receive an update on the ongoing fiscal cliff negotiations. that's all the information that we have. we don't know what those leaders spoke about with the president during those call bus i would say just parsing the words here a little bit of this statement, to receive an update does not sound like the president was somehow calling them to issue an new offer or to force some kind of a deal to a head. it sounds like he was checking in with those leaders to find out what's going on or what might be possible at this point. we are working on getting you more information on exactly what was said on those calls just yesterday from hawaii, guys. >> eamon, thank you for keeping us up to date, the view from d.c. let's just return to the discussion we were having with wolfgang coaster about what's happening with dollar yen and this huge move over three months, whether the dollar has accelerated, 11, 12% against the yen. wolfgang what does that mean for people sitting at home? >> the japanese are trying to get their products to be more comp pet it was than the u.s.
Search Results 0 to 29 of about 30